Pair Correlation Between Yahoo Inc and Oracle

Investment Horizon     30 Days    Login   to change
This module allows you to analyze existing cross correlation between Yahoo Inc and Oracle Corporation. You can compare the effects of market volatilities on Yahoo Inc and Oracle and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Yahoo Inc with a short position of Oracle. Please also check ongoing floating volatility patterns of Yahoo Inc and Oracle.
 Yahoo! Inc.  vs   Oracle Corp.
Daily Returns (%)
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Yahoo Inc is expected to under-perform the Oracle. In addition to that, Yahoo Inc is 1.2 times more volatile than Oracle Corporation. It trades about -0.03 of its total potential returns per unit of risk. Oracle Corporation is currently generating about 0.1 per unit of volatility. If you would invest  3,837  in Oracle Corporation on October 26, 2015 and sell it today you would earn a total of  109.00  from holding Oracle Corporation or generate 2.84% return on investment over 30 days.

Correlation Coefficient



Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

Overlapping area represents amount of risk that can be diversified away by holding Yahoo! Inc. and Oracle Corp. in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Yahoo Inc


Risk-adjusted Performance

Over the last 30 days Yahoo Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Yahoo Inc




Risk-adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Oracle